The African Democratic Congress (ADC) has criticized the administration of President Bola Ahmed Tinubu, alleging that it is managing the economy in a manner akin to a "Ponzi economy." This accusation follows the Federal Government's recent initiative to secure an additional loan of $1.25 billion from the World Bank, which has raised concerns amidst Nigeria's escalating debt, currently estimated at approximately N159.28 trillion. The ADC's statement highlights their apprehension regarding the sustainability of the nation's financial practices and the implications of increasing external borrowing.
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